GU ,looking for 1.5980 to 1.600 for reaction on confluence H4 MA35-50 to go short. This could be earlier as the 61.8 fibo is at 1.5960 as Asos said in the previous post I will wait for the 1.600 though.
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there is a confluence of 2 fibs in that point, but as you say no choros MA near
Possible touch of H1 35 ma touch in confluence with 1.4000...
I think kostas mentioned it before
What do you guys think given past few bars PA??
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right now the price is constrained by H1 10 scooping it up, and the 35/50 look wide and diverging (to me), if the 35 breaks the EU could go for a run at the Dp as well
right now the price is constrained by H1 10 scooping it up, and the 35/50 look wide and diverging (to me), if the 35 breaks the EU could go for a run at the Dp as well
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Yes I can see your point and agree 35/50 are diverging. That would be a long run for the dp tho'.... anyways this past days pairs are having wide ranges
yes i was thinking that, london also closes now so things may slow down a bit. or we could see the touch as a failed asian run of the highs, overshoot a bit and then dive.
anyway i go to the beach, catch you guys tomorow
its forming a wedge, we should have a breakout soon.
if i had to guess i say it goes up to meet with the long term TL from 2008 wich acts a lot as a magnet.
as for mu GU call from yesterday @1.4960, the price just missed my sell order by 4 pips (demo, left it through the night just to track the move)
its forming a wedge, we should have a breakout soon.
if i had to guess i say it goes up to meet with the long term TL from 2008 wich acts a lot as a magnet.
as for mu GU call from yesterday @1.4960, the price just missed my sell order by 4 pips (demo, left it through the night just to track the move)
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Right! It is in a wedge, but can't see the TL from 2008 on W1 chart.
Also, I don't know whether the price break up or break down the wedge first
seems like a indecisive consolidation. although my indicators do not offer any clear direction, pair is feeling bearish. my stop is just above the h4 10e and that concerns me as many other traders my be sitting there as well. i am new to this thread and looking to earn my stripes.
